The global financial crisis has profoundly changed the shape of the global banking landscape. During this period, we have witnessed the nationalization of commercial banks, the demise of many investment banks and an unprecedented degree of industry consolidation.
Indonesian banks and finance companies have largely stood apart from these events. Nevertheless it remains an exceptionally challenging time for the Indonesian banking and finance industries — from volatile markets and increased funding costs to strategic cost cutting and heightened regulatory scrutiny.
In such an environment, protecting and growing shareholder value requires disciplined, customer focused and opportunistic financial institutions.
KPMG’s Indonesian Banking practice is leading in the marketplace, especially in providing services to international banks. In Indonesia, we audit majority of top foreign banks operating in Indonesia, some listed banks, joint ventures banks, and many well-known finance companies. Combining a strong local presence with access to a global network of banking professionals, KPMG Indonesia's Banking and Finance practice, is well placed to help our clients successfully navigate through these challenging times and capitalize on opportunities as they arise.